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Observe the following table and answer the questions given below it. Which organization has the least share in the direction of India's imports in 2015-16? Which organization has maximum share - Economics

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One Line Answer

Observe the following table and answer the questions given below it.

Countries/Organizations Years
1990-91 2015-16
Sr. No.   Percentage Percentage
1 OECD 54.0 28.8
2 OPEC 16.3 23.6
3 Eastern Europe 7.8 1.9
4 Developing Nations 18.6 43.2
5 Others 1.4 2.5
  1. Which organization has the least share in the direction of India's imports in 2015-16?
  2. Which organization has maximum share in India's direction of imports in 1990-91?
  3. Expand the abbreviations of OECD and OPEC.
  4. State your opinion regarding the direction of India's imports.
  5. How much is the percentage of increase in the imports of developing nations in 2015-16 as compared to 1990-91?
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Solution

  1. Eastern Europe has the least share (1.9%) in the direction of India's imports in 2015-16.
  2. OECD has a maximum share (54%) in India's direction of imports in 1990-91.
  3. OECD refers to the Organization for Economic Co-operation and Development while OPEC refers to the Organization of the Petroleum Exporting Countries.
  4. India’s imports from OECD and Eastern Europe has declined drastically during the period from 1990-91 to 2015-16. On the other hand, imports from OPEC, developing nations, and others rose during the same period.
  5. There is an increase of 24.6% in the imports of developing nations in 2015-16 (43.2%) as compared to 1990-91 (18.6%)
Concept: Composition of India’s Foreign Trade
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APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 10 Foreign Trade of India
Exercise | Q 6 | Page 98
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